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Kelt Exploration Ltd T.KEL

Alternate Symbol(s):  KELTF

Kelt Exploration Ltd. is an oil and gas company, focused on the exploration, development and production of crude oil and natural gas resources in Western Canada. The Company primarily operates in northwestern Alberta and northeastern British Columbia. The Company's assets are comprised of three operating divisions: Wembley/Pipestone in Alberta; Pouce Coupe/Progress/Spirit River in Alberta, and Oak/Flatrock in British Columbia. Its British Columbia assets are operated by Kelt Exploration (LNG) Ltd., a wholly owned subsidiary of the Company.


TSX:KEL - Post by User

Comment by Grandcentralon Jan 27, 2021 11:20am
78 Views
Post# 32398947

RE:RE:Shorts compounding low share price

RE:RE:Shorts compounding low share priceI know you are a fan too. Reserves are simply the start of the timeline for development. Kelt Exploration is an exploration / development company, not a production / dividend payer like people often wish it to be. It's like comparing a tower construction company to an office tower reit. The construction company builds, sells, and moves onto another build. Evolving from previous successes, today's Kelt has the same goal - to explore and develop while creating value. People seem discouraged that a quarter of the company's land was sold for over half a billion dollars - price is always relative to the time of a sale, and this was a good sale. The reserves on the 444,000 acres Kelt has will reassure investors that they are set to grow new production again, with new cheap predictable financing, rather than funding expansion off slow and steady profits from production, while also servicing $500,000,000 in debt. You can't have your cake and eat it too. The reserves will give material for bankers to hit the street. Brokers and fund managers need evidence for investing - and this is the information they require. The story is known, and the proof is in the reserves. Kelt masterfully hedges it's bets - it still has half of its production, but now with no debt. It is weighting itself for more growth and development than indebted production. I want growth, or would just put my money into a major.
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